Italy: Welcome To The Family BusinessSilvia Sansoni
The bronze bust of Diodato Ferraioli gazes sternly at the humming canned fruit and tomato factory he built near Naples. He would never have imagined that La Doria, which he founded in 1953, would be anything but a 100% family-owned concern. However, Ferraioli's eldest son, 41-year-old Antonio, in early November raised $20 million by selling off 30% of La Doria on the Milan stock exchange. "I don't feel I've lost anything--I still have all my fingers," he jokes.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Gulf of Mexico Oil Spill May Be Largest Since 2010 BP Disaster
- Billionaire Tom Barrack Throws Harvey Weinstein a Lifeline
- Everything Is Crazy and the Markets Aren’t Freaking Out
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing
- Facebook Is Looking for Employees With National Security Clearances